Petty Cash Policy

Petty Cash Policy paticash Petty cash is a small amount of cash belonging to a business and kept on its premises Typically, petty cash will be used for small incidental office costs paticash Petty cash is a small amount of discretionary funds in the form of cash used for minor expenditures The most common way of accounting for petty cash

paticash Petty Cash Funds To help departments pay for small expenses for everyday business and have cash on hand for these situations, a petty cash fund can be set up

paticash Set up cash accounts · Go to Cash and bank management > Petty cash > Cash accounts · Enter the following information Expand table Field If there were cash overage, the petty cash account would be debited and the cash over and short account would be credited In this case, the expense balance